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# Locations

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# Locations

Analyst

Energy View: Thursday March 21

By Dan McTeague | March 21, 2019

A massive drawdown which was the single biggest draw in petroleum stockpiles since July saw yesterday’s EIA weekly crude inventory fall by 9.6 million barrels against an expected build of 300,000 barrels. In concert with a 4.6 million barrel decline in…

The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. Here are some highlights:
CRUDE OIL INVENTORIES:
Crude oil inventories decreased by 9.6 million barrels…

What’s old is new again. The seemingly forgotten worry over U.S. - China trade negotiations have returned to the forefront and is being given top-billing by energy traders this morning after China indicated it wasn’t thrilled by with American trade demands…

Energy markets shrugged off early morning doubts yesterday on the strength of OPEC’s resolve to continue daily oil production cuts of 1.2 million b/d until June and acknowledgment by Russia that it too, as part of the agreement with OPEC, pulled back on…

Average gasoline prices in the U.S. are up for a fifth straight week, posting a 4.3 cent per gallon rise over the last week to $2.54 per gallon, according to GasBuddy data compiled from more than 10 million individual price reports covering 135,000 gas stations…

Honking, squeaking brakes and bumper-to-bumper traffic are common problems in many of America’s congested cities. Frustrated drivers can get agitated quickly, and their aggressive driving habits like speeding, rapid acceleration and braking can lower gas…

A massive drawdown which was the single biggest draw in petroleum stockpiles since July, saw yesterday’s EIA weekly crude inventory fall by 9.6 million barrels against an expected build of 300,000 barrels.

Energy markets were flat yesterday as profit-taking saw WTI gain 35 cents to $58.61 a barrel while Dated Brent gave up 32 cents to $67.23, with gasoline and diesel slipping about half a cent on the day.